New Delhi, July 31 -- Nithin Kamath, Founder and CEO of stock brokerage firm Zerodha rubbished on Thursday suggestions that India's options trading was overleveraged vis-a-vis the US.

Debates around India's growing options trading volumes have sparked concerns over market leverage.

"It's ridiculous to see people comparing options trading volumes in India and the US and claiming that we're overleveraged. For starters, the comparison itself is flawed. People often look at the number of contracts traded, not the premiums or the actual value involved," Kamath put forth his view on X.

Comparing India's derivatives activity with that of the United States based solely on the number of contracts traded may present a misleading picture, he, in ...